Which of the following is/are Value Capture Method(s)?
Show Hint
- Building construction fees
- Fees for changing agricultural to non-agricultural land use
- User charge
- Premium on additional FSI/FAR
The Correct Option is B, D
Solution and Explanation
Step 1: Understand Value Capture Methods.
Value capture methods are strategies used to capture the increase in value of land or property due to public investment, regulatory changes, or other factors. These methods help fund public infrastructure or development projects.
Step 2: Analyze the options.
- (A) Building construction fees are more related to the cost of construction, not capturing value.
- (B) Fees for changing agricultural land to non-agricultural land use increase the land's value and are a recognized value capture method.
- (C) User charges are typically for services provided but not specifically related to capturing value from land.
- (D) Premium on additional FSI/FAR is a method where developers pay a premium to build above the standard Floor Space Index (FSI), capturing the added value.
Final Answer: (B), (D)
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